TWO REASONS TO BUY VS. RENT

Here are 2 benefits to buying a home vs. Renting

1 . THE COST OF RENTING :

Rent prices have skyrocketed by 11.5% in the past year alone, according to data compiled by CoreLogic, a data and analytics company. Vacancy rates are low, and the growth in renter households is high. This means that landlords have greater pricing power when setting rents.


2 . THE COST OF NOT OWNING :

House prices increased by 18.5% last year according to the Federal Housing Finance Agency. The growth in house prices is expected to slow this year, to its long-term average. The average rate of house price appreciation over the past 20 years has been over 3% per year. Here’s what 3% annual house price appreciation could mean depending on your price range:

  • $15,000 down payment on a $300,000 house could grow to $62,000 over five-years
  • $25,000 down payment on a $500,000 house could grow to $104,000 over five-years
  • $45,000 down payment on a $900,000 house could grow to $188,000 over five-years That growth we just illustrated could be money that you would have lost by not owning a home.

Speak to one of our licensed Loan Officers today for an analysis of your specific scenario.

Your Loan. Your Way.

Get started on your schedule. Whichever works best for you, we’re here to help.

Get Pre-Qualified in 2 Minutes
No SSN# Required!

We understand if you want to test the waters before making a full application with a hard credit pull. Use our 2 minute pre-qualification to determine if you are mortgage ready. No impact on your credit score.
No waiting. No hassle.

Schedule a Call With a Loan Officer
Call 877-PRIMATA

Speak with one of our trusted Mortgage Advisors today. Your dreams and plans are important to us. Let us help you chart the best path for accomplishing your goals though intelligent decisions.

Start Your Application

It's real simple.
Click HERE to create an account; complete the application and upload your documents through our bank-level security portal.